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UPDATE: Harris picks Minnesota Gov. Tim Walz as running mate

August 6, 2024 | Associated Press

In choosing Walz, Vice President Kamala Harris is turning to a Midwestern governor, military veteran and union supporter who helped enact an ambitious Democratic agenda for his state, including sweeping protections for abortion rights and generous aid to families.

Highly anticipated Indiana All Payer Claims Database launched

August 6, 2024 | Whitney Downard, Indiana Capital Chronicle

The Indiana All Payer Claims Database website is expected to provide transparency to health care costs and allow consumers to compare prices across multiple health systems.

SK Hynix lands $450M in federal CHIPS Act funding for Indiana facility

August 6, 2024 | Cate Charron

The funding is in addition to the $700 million the company will receive through an incentive agreement with the Indiana Economic Development Corp.—one of the the largest economic development deals in Indiana history.

Harris formally wins Democratic presidential nomination in virtual roll call

August 6, 2024 | Associated Press

Democratic delegates have selected Vice President Kamala Harris to be the party’s presidential nominee, according to final vote results released late Monday by the Democratic National Committee.

Google illegally maintains monopoly over internet search, judge rules

August 6, 2024 | Associated Press

The highly anticipated court decision comes nearly a year after the start of a trial pitting the U.S. Justice Department against Google in the country’s biggest antitrust showdown in a quarter century.

Zionsville Town Council votes to reject South Village plan

August 5, 2024 | Daniel Bradley

Last week, Mayor John Stehr said he wanted to withdraw the South Village PUD ordinance from consideration because he did not believe there was enough consensus about the plan among council members.

Stock markets are reeling, but economists say don’t panic yet

August 5, 2024 | The Washington Post

U.S. stock markets plummeted Monday, with two major indexes racking up their worst day of trading in almost two years.

Buca di Beppo files for bankruptcy, closes Indianapolis restaurant

August 5, 2024 | Bloomberg News and IBJ Staff

Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy on Monday, days after closing 13 underperforming eateries nationally, including one of its three local locations.

Fast-growing MBX Biosciences raises another $63.5 million in funding

August 5, 2024 | John Russell

MBX is focused on the discovery and development of novel precision peptide therapies for the treatment of endocrine and metabolic disorders, such as hypoparathyroidism, post-bariatric hypoglycemia and obesity.

richard-dimarchi

Fishers to work with land owner on new project where $1M condos had been planned

August 5, 2024 | Daniel Bradley

Plans to build a five-story, mixed-use building called The Rev at the intersection of East 116th Street and Municipal Drive have been called off.

Veteran groups join forces to push for legalization of electronic pull-tab gambling

August 5, 2024 | Cate Charron

The “Big Four” veteran organizations are forming the PlayIN for Charity alliance, which will advocate for enabling legislation in 2025.

Interstate 69 from Indianapolis to Evansville set to open to traffic

August 5, 2024 | Susan Orr

On Tuesday, the last part of the 150-mile project—an interchange linking I-69 and I-465—is scheduled to open following a celebratory on-site event to mark the occasion.

Tech startup Arrive recruits former Carmel mayor, Elevance CFO

August 5, 2024 | Alex Brown, Inside INdiana Business

The two additions could help Arrive AI—a maker of smart mailboxes with security and temperature-control features—to gain more traction with municipalities and health care providers.

Teenager sues Meta over ‘addictive’ Instagram features

August 5, 2024 | The Washington Post

The legal action adds to a growing swarm of suits against the company from state attorneys general and school districts aiming to tie America’s teen mental health crisis to social media.

Dow drops 860 points, Japanese stocks suffer worst crash since 1987

August 5, 2024 | Associated Press

Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.

Charitable care from Hoosier not-for-profit hospitals remains stagnant while revenue increases

August 5, 2024 | Ryan Murphy, Indiana Capital Chronicle

Meanwhile, health care systems continue to send thousands of Hoosiers to court over unpaid sums as small as $250.

Recreational marijuana sales in Ohio approved to start at nearly 100 locations

August 5, 2024 | Associated Press

Ohio voters last November overwhelmingly approved allowing those over 21 to possess, purchase and grow limited amounts of cannabis for personal use.

Outages hit Schwab, Fidelity, other online trading brokerages during market sell-off

August 5, 2024 | Associated Press

Several online brokerage firms appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.

Japan’s Nikkei index has its worst day in decades as markets quake over risks to US economy

August 5, 2024

A report Friday showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the euphoria that had taken the Nikkei 225 to all-times highs of over 42,000 in recent weeks.

IBJ Podcast: Simons building hospitality ecosystem by fieldhouse with plans to add luxury hotel, concert venue

August 5, 2024 | Mason King

Here’s how plans for a $300 million complex with a luxury hotel and concert venue could vibe with Gainbridge Fieldhouse and Commission Row—not to mention the proposed soccer stadium a couple blocks to the east.

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